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How much australian dollar furniture wholesaler will make

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Problem 1: An Australian furniture wholesaler has imported furniture from India and will pay 1 million Indian rupees (INR) in one year. The furniture wholesaler expects that the value of the INR will depreciate to 0.2248 against the Australian dollar from today's spot rate of 0.2773 in one year. How much Australian dollar the furniture wholesaler will make a profit or loss in percentage (%) due to depreciation of INR after one year?

Reference no: EM132675290

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